RE$149$ Crossword Puzzle $2.$

The Economics of Real Estate Investment

$12$

$34$

$56$

$7$

$8$

$9$

ACROSS

$3\_\_\_=$ Gross Operating Income $-$

Operating Expenses.

$4\_\_\_$ policy is the choice by a

government as to what taxes to levy,

in what amounts, and on whom.

$5$ A business $\_\_\_\_\_$ is the periodic

growth and decline of a nation's

economy, measured mainly by its

GDP$.$

$8$ An investment strategy of using

borrowed money.

$9$ A pro rate share of the corporation's

earnings that is distributed to each

shareholder.

DOWN

$1$ A $\_\_\_\_\_\_\_\_\_$ is a collection of

financial investments like stocks,

bonds, commodities, cash, and cash

equivalents.

$2\_\_\_\_\_=$ Net Operating Income $($NOI$)$

Cap Rate.

$6$ The rate of return on an investment.

$7$ In business, a $\_\_\_\_\_$ is a pattern of

gradual change in a process, output,

or condition.

WORD BANK: Cycle, dividend, leverage, noi, portfolio, tax, trend, value, yield